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  • Are these list compiled from Listings or from the city? I closed on my home in April and it is not on this list. My home was never listed on the market. It’s also hasn’t been updated on dc real property database.

    • Are you sure you actually bought that house?

    • seriously, you should hire a lawyer right away. we had title problems with our home purchase ten years ago (wasn’t recorded properly) and it was an absolute nightmare to resolve.

    • I agree that this is a situation that you need to monitor. Our house wasn’t recorded as belonging to us until 10 months after the sale closed. Unfortunately, when the city decided to condemn our old garage, we missed all of the warning notices, which had been sent certified to the previous owner. It was a huge headache.

      Unfortunately, our title company was no help at all, telling us that they’d recorded the deed but not offering to help figure out why OTR didn’t have it. So I don’t have any advice beyond, monitor the situation and hope that the deed gets recorded really, really soon.

      • I closed on 4/9….it hasn’t been a full month yet so I wasn’t concerned that it hadn’t reflected in city records. But I’ve been monitoring it.

    • Look up your property in the DC government property sales database. If it’s there, you should be good. If it’s not there, you might want to investigate.


  • Can we include square feet in this table? Closing price per unit/home is great and all, but PSF is really where the differences become meaningful.

    • These are pulled from the MLS, not city records so if it was never listed, it won’t show up in this list.

      Re square footage, it’s pretty unreliable. Often the square footage that shows up in listings comes from the tax records, and the tax records more often than not do not include basements, which were not intended to be living space when the houses were built. So a two-story 1300 square foot house might actually be a 1950 sq ft house, for instance, if the basement has been redone and turned into habitable space.

  • Looks like the market really popping in the spring. We’re taking out a HEL and the appraisal was way higher than we expected. Don’t plan on selling but good news for homeowners and bad news for house seekers. At least right now…..

    • Would you mind sharing your lender? I’m thinking about doing this soon.

      • Based on my research TD Bank was 1A and Bank of America (I know, booo) was 1B. I was a bit shocked at the results and the spreads on interest rates on some other banks. I picked TD Bank only b/c they have a 30 year option (BofA went only to 25 years but had slighly better rates). TD Bank has $99 closing costs only and 2 year prepayment penalty. I usually find that PenFed is the best on most loans, but they only go to 70% LTV with condos (and TD had better rates). One tip: rates usually get better at thresholds (e.g. better rate at $50K than $49,999 and better rate at $100K than $99,999). Max allowable interest deduction is on $100K loan per IDS rules (yes that may change soon…. oh well).

    • You’d probably get a different appraisal if you were selling. Lenders still play fast and loose with HEL appraisals.

      • So you’re saying all these properties in DuPont/Logan/U St selling for over ask with multiple offers in one week aren’t meeting their appraisal before closing? I think you’re wrong, but please show me some data if you’re actually right.

        • No, you need to look again at what I said. If an applicant for a HEL has a good credit, lenders tend to be generous with the appraisals. They tend to be more strict when appraisals are sought for home PURCHASES.

          Can I make it any more simple for you?

  • my HEL appraisal from Suntrust came in about 20% less than what identical units in my building are LISTED for. I think the bank systematically uses conservative estimates on evaluations where they could get stuck having to pay the check – I think it would ultimately lead to higher returns on the capital and higher share prices for the crooks that run the banks to get bigger bonuses on at the end of the year. Downside- I can’t borrow against my home as much, but frankly its a stupid idea in the first place.

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